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Joby to Host Elevate Summit in New York | Business

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SANTA CRUZ, Calif.–(BUSINESS WIRE)–April 20, 2022–

Joby Aviation, Inc. (NYSE: JOBY), a leading developer of electric vertical take-off and landing (eVTOL) aircraft, today announced that it will host the Elevate 2022 Summit on October 12-13 in Brooklyn. , NY. The summit will be an opportunity for the entire air ridesharing ecosystem to come together and discuss the progress of the industry, from city officials and real estate developers to supply chain partners, the community of investors and other aircraft manufacturers.

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The event builds on the success of previous Elevate Summits, hosted by Uber from 2017 to 2019 before Uber Elevate was acquired by Joby in 2020.

“We launched the Elevate Summit five years ago to provide an open forum for this new industry to come together and have a common vision for the future,” said Eric Allison, Chief Product Officer at Joby and former head of Elevate at Uber.

“Since then, the Summit has established itself as the key air mobility event, laying the foundation for the industry to move from rendering to reality.

“We are at a key moment in the evolution of our industry. In addition to demonstrating record speed, altitude and endurance performance with our pre-production prototype aircraft, several companies, including Joby, have gone public and interest in the promise of this technology has never been so high. It’s the perfect time to get together. »

This momentum was recently recognized in a segment of CBS’s 60 Minutes, hosted by Anderson Cooper, during which Acting Federal Aviation Administration Administrator Billy Nolen said, “Obviously, we’re seeing the emergence of something fantastic… We want to be careful, we want to be measured, but… it’s real, and it’s happening.

Held in New York City for the first time, the summit will take place at Duggal Greenhouse in the historic Brooklyn Navy Yard, where attendees can imagine a near future in which quiet, electric and emission-free air mobility unlocks new means of transportation. opportunities in urban areas.

Further details on the Summit will be released later this summer. Previous editions have attracted more than 1,000 attendees and a wide range of speakers, including the U.S. Secretary of Transportation, senior FAA and NASA executives, U.S. Senators, and CEOs of Fortune 100 companies.

Those interested in attending the event can sign up to receive updates at www.elevatesummit.com.

ABOUT JOBY AVIATION

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft that it intends to operate as part of a fast air taxi service , quiet and practical from 2024. The plane, which has a maximum range of 150 miles on a single charge, can carry a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transport. Founded in 2009, Joby employs more than 1,000 people, with offices in Santa Cruz, San Carlos and Marina, California, as well as Washington, DC and Munich, Germany. For more information, visit www.jobyaviation.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our business plan, our objectives, goals and market opportunities; and our current expectations regarding our business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”. , “should”, “may have”. “, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our limited operating history and loss history; our ability to launch our ridesharing service and the growth of the urban air mobility market generally; our plans to operate commercial passenger service from 2024; the competitive environment in which we operate; our future capital requirements; our ability to adequately protect and enforce our intellectual property rights; our ability to respond effectively changes in regulations and standards relating to our aircraft; our dependence on suppliers and vice-partner third-party services; uncertainties related to our estimates of the market size of its aircraft and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 25, 2022, and in other reports we file or provide at the Securities and Exchange Commission. All such forward-looking statements represent management’s estimates and beliefs as of the date of this press release. Although Joby may choose to update these forward-looking statements at some time in the future, it disclaims any obligation to do so, even if subsequent events change its views.

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KEYWORD: CALIFORNIA NEW YORK UNITED STATES NORTH AMERICA

KEYWORD INDUSTRY: ENVIRONMENT AIR TRANSPORT AEROSPACE MANUFACTURING ALTERNATIVE ENERGIES ENERGY TRANSPORT TRAVEL

SOURCE: Joby Aviation, Inc.

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PUBLISHED: 04/20/2022 08:21 / DISK: 04/20/2022 08:22

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